Global RFID Market 2011-2015
TechNavio’s analysts forecast the Global RFID market to grow at a CAGR of 19.4 percent over the period 2011–2015. One of the key factors contributing to this market growth is the mandates for using RFID in the retail segment. The Global RFID market has also been witnessing increasing applications in baggage safety systems in airports. However, security and privacy concerns could pose a challenge to the growth of this market.
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